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About 70 buyers are competing for every home on the market in Brisbane’s most popular suburbs, with new data revealing the top addresses for both budget-conscious house hunters and big spenders.
The relatively affordable hotspot of Coorparoo topped PropTrack’s list of the city’s ten most sought-after suburbs, based on property searches on realestate.com.au.
Coorparoo’s median dwelling price of $755,000 sits just under the combined median of $770,000 for houses and units across Greater Brisbane, showing affordability was a key consideration for buyers after several years of blistering price growth.
SOLD: $800,000, 27/11 Kitchener St, Coorparoo
PropTrack data shows 2684 buyers were “seriously interested” in 37 houses for sale last month in Coorparoo, with another 1588 buyers vying for 43 units on the market. Located 5.5km from the CBD and described by local agents as a “lifestyle location”.
Next ranked by search volume was trendy New Farm, top pick for deep-pocketed buyers with a median price of $1,027,500.
Figures showed an almost even split of suburbs priced above and below the city’s typical buy-in, with inner-city Paddington in third place, followed by Camp Hill and West End.
Rounding out Brisbane’s most in-demand list were Ashgrove, Toowong, Clayfield, Bardon, and Indooroopilly.
PropTrack economist and Home Value Index report author Paul Ryan
PropTrack director of economic research Paul Ryan Queensland suburbs had remained popular for their lifestyle appeal since the pandemic, spurring gentrification and improved amenities drawing a broad demographic.
But with Brisbane prices edging closer to Sydney levels after surpassing Melbourne in 2024, families seeking to be close to the CBD were increasingly opting for units, or extending their search to the outlying areas of Ipswich and Logan, Mr Ryan said.
“In 2024, we had a relatively stable economy and job market,” Mr Ryan said.
“Looking ahead, 2025 might be even better for homeowners with expectations of lower mortgage costs and slower rental growth. It is shaping up to be quite positive for anyone wanting to buy.”
He said search volume was a useful market indicator, showing “where serious buyers are looking and which regions could outperform”.
Buyers agent Lauren Jones has tips for those wanting to get into the most popular suburbs
Buyers’ agent Lauren Jones said those wishing to get into the most popular suburbs should be prepared to either bid at auction, or present a strong offer with attractive conditions.
“Given the price of property in most of these inner-Brisbane locations, most of the buyers will be fairly sophisticated,” Ms Jones said.
“They are probably buying with a large chunk of cash, meaning they don’t need a finance clause and can bid at auction.
“To compete with these buyers, I’d suggest getting a good broker.”
SOLD: $1.65m, 5152/66 Lamington St, New Farm
Ms Jones said buyers looking at older homes in those areas should also budget on spending $5-10,000 on upfront maintenance costs, while she advised unit buyers to seek a body corporate record search to uncover any potential issues with the complex, or upcoming special levies.
Joanna Gianniotis, of Place Estate Agents, said Coorparoo and surrounding areas offered a family-oriented, stress-free lifestyle with convenient access to shopping, transport, and good schools.
“Coorparoo is a bit more affordable for a beautiful family home on a good-sized block than suburbs like Bulimba and Hawthorne,” Ms Gianniotis said.
“I’ve been there for 23 years and raised a family, and it is a nice place to be with a lot of parkland and the added benefit of being quite an elevated suburb that doesn’t have a flood risk.”
Place agent Joanna Gianniotis has raised a family in Coorparoo
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Outside the capital, coastal living remained a magnet for buyers, with eight of regional Queensland’s top 10 most searched suburbs located on the Gold Coast.
West End in Townsville was a surprise inclusion, taking out third place, while Buderim on the Sunshine Coast ranked tenth.
The Gold Coast’s hipster haven of Burleigh Heads led the pack, where 3037 buyers were interested in 46 houses for sale in the past month and 2376 buyers competed for 87 units.
Other Glitter Strip hotspots included Palm Beach, Broadbeach, Robina, Surfers Paradise, Mermaid Beach, Currumbin, and Southport.
Gold Coast buyers’ agent Matt Srama said he was “not surprised” buyers were hot for these locations, noting younger interstate buyers were continuing to leverage remote working to embrace the beachside lifestyle.
Gold Coast buyer’s agent Matt Srama says demand for homes on the Glitter Strip is pushing to outlying suburbs
“Since 2021, people are really prioritising lifestyle and the Gold Coast is no longer just a tourist stop,” Mr Srama said.
“People are buying property here to put down roots, they are starting businesses or seeking out flexible employment which works around where they want to live and spend time with the families.”
Mr Srama said strong demand along the best-known beachside strip had pushed more buyers into surrounding areas.
“Buyers are seeking value in these bridesmaid suburbs, for example buyers wanting to be in Mermaid Beach are pushing out to Mermaid Waters, Elanora for Palm Beach.
“Similarly, Biggera Waters and the northern suburbs are soaking up the overflow around Southport.”
SOLD: $2.85m, 3 Weatherhead Ave, Ashgrove
TOP SEARCHED SUBURBS
BRISBANE
1. Coorparoo
2. New Farm
3. Paddington
4. Camp Hill
5. West End
6. Ashgrove
7. Toowong
8. Clayfield
9. Bardon
10. Indooroopilly
REST OF QLD
1. Burleigh Heads
2. Palm Beach
3. West End
4. Broadbeach
5. Robina
6. Surfers Paradise
7. Mermaid Beach
8. Currumbin
9. Southport
10. Buderim
source: PropTrack
